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9000 Burton Way

Beverly Hills, CA 90211
  • $3,950,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 21-107971
UPDATED: 86 min ago
$3,950,000
  • 8
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,658
    SQFT
  • $698
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

Location, location, location!!! This is a tremendous opportunity to own a two story Art Deco building in an A+ desirable Beverly Hills area, just across from the Four Seasons Hotel. Situated on a 5,500 sqft lot, the property offers 5,700 rentable sqft, zoned BHR4YY. The current attractive unit mix consists of 3 (1+1), 1 (1+1+bonus) and 2 (2+2), all units are large with beautiful Crown Moldings and hardwood floors, some units have laundry inside. Each unit is separately metered for gas and electricity and has its own water heater. This is a perfect opportunity to purchase an investment property in a prime Beverly Hills location with HUGE upside potential which could be achieved through interior and exterior renovations. There are 6 covered on-site parking and plenty of street parking. There is no earthquake seismic retrofit required. Great location just a few blocks from the iconic Golden Triangle and numerous world-class retailers, restaurants, Rodeo Dr., Beverly Center and Cedars Sinai Hospital. Showing with accepted offers only. Two units will be delivered vacant.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/123597651
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9000 Burton Way Beverly Hills, CA 90211

  • Price: $3,950,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 86 min ago
  • MLS #: 21-107971
8
Beds
0
Baths
0
½ Baths
0.13
Acres
5,658
SQFT
$698
$/SQFT
1940
Built
Neighborhood:
Beverly Hills
County:
Los Angeles
Area:
Beverly Hills
Property Description
Location, location, location!!! This is a tremendous opportunity to own a two story Art Deco building in an A+ desirable Beverly Hills area, just across from the Four Seasons Hotel. Situated on a 5,500 sqft lot, the property offers 5,700 rentable sqft, zoned BHR4YY. The current attractive unit mix consists of 3 (1+1), 1 (1+1+bonus) and 2 (2+2), all units are large with beautiful Crown Moldings and hardwood floors, some units have laundry inside. Each unit is separately metered for gas and electricity and has its own water heater. This is a perfect opportunity to purchase an investment property in a prime Beverly Hills location with HUGE upside potential which could be achieved through interior and exterior renovations. There are 6 covered on-site parking and plenty of street parking. There is no earthquake seismic retrofit required. Great location just a few blocks from the iconic Golden Triangle and numerous world-class retailers, restaurants, Rodeo Dr., Beverly Center and Cedars Sinai Hospital. Showing with accepted offers only. Two units will be delivered vacant.
Exterior Features

Lot Size Area 5500 Other Structures None Parking Garage Door OpenerCovered Parking Style Art Deco Total Parking 6 View Description Walk StreetTree Top View YN Yes

Interior Features

Baths Total 6.00 Cooling Window Unit(S) Equipment Garbage DisposalRefrigeratorRange/Oven Flooring Hardwood Heating Central

Property Features

Assessed Total Value 2237237 Electric Expense 3000.00 Gardener Expense 1200.00 Gross Income 196200 Gross Operating Income 196200 Insurance Expense 4380.00 Like Units1 4 Like Units2 2 Net Operating Income 132350.00 Number Of Buildings 1 Number Of Units 6 Owner Pays GardenerWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 63850 Type Of Units Single Story Water Expense 7000.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Bhr4yy

Listing provided courtesy of Faye Sarafian-Erdman DRE#01121133 of Nelson Shelton Real Estate Era Powered.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270